5 Dividend Stocks to Buy According to Andreas Halvorsen’s Viking Global

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In this article, we discuss the 10 dividend stocks to buy according to Andreas Halvorsen’s Viking Global. If you want to read our detailed analysis of Viking Global’s past performance and recent developments, go directly to read 10 Dividend Stocks to Buy According to Andreas Halvorsen’s Viking Global.

5. Parker-Hannifin Corporation (NYSE:PH)

Number of Hedge Fund Holders: 39
Dividend Yield as of May 23: 2.04%
Viking Global’s Stake Value: $898,195,000

Parker-Hannifin Corporation (NYSE:PH) is an American manufacturing company that specializes in motion and control technologies. The company has operations in over 50 countries across the world.

Parker-Hannifin Corporation (NYSE:PH) announced its fiscal Q3 2022 results on May 5 and posted an EPS of $4.83, surpassing analysts’ expectations by $0.18. The company generated revenue of over $4 billion, up 9% from the prior-year quarter. Following the strong quarterly results, Stifel set a $338 price target on Parker-Hannifin Corporation (NYSE:PH), with a Buy rating on the shares.

Along with Viking Global, Diamond Hill Capital was one of the major shareholders of Parker-Hannifin Corporation (NYSE:PH) in Q1 2022, holding shares worth over $444 million. Overall, 39 hedge funds tracked by Insider Monkey remained bullish on the company in Q4 2021, the same as in the previous quarter. These stakes hold a collective value of $1.3 billion.

In April, Parker-Hannifin Corporation (NYSE:PH) announced a 29% increase in its quarterly dividend to $1.33 per share. The company maintains a 66-year streak of consecutive dividend growth. Parker-Hannifin Corporation (NYSE:PH) has been paying dividends consistently for the past 286 quarters. The stock’s dividend yield, as of May 23, stood at 2.04%.

Viking Global increased its position in Parker-Hannifin Corporation (NYSE:PH) by 4% during the first quarter of 2022, equaling shares worth roughly $900 million. The company constituted 3.63% of Andreas Halvorsen’s portfolio.



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